Explain at Least Three Technology Acquisition Alternatives

question 58

Essay

Explain at least three technology acquisition alternatives.

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Definitions:

Product

Anything that can be offered to a market to satisfy the desire or need of a customer.

Average Collection Period

The average number of days it takes for a business to collect payments from its customers after a sale has been made.

Discount Policy

A company's strategy regarding the conditions under which discounts are offered to customers, affecting sales volume, revenue, and cash flows.

Credit Terms

Refers to the conditions under which credit is extended by a lender to a borrower, including repayment schedule, interest rate, and due dates.